(MENAFN) India's Prime Minister is stepping up efforts to realize a long-pending plan to link the nation's rivers and get companies to move cargo from foodgrains, cement and fertilizer to cars using waterways.
More than USD6 billion will be needed to develop the new fairways and funding will come from the World Bank, Asian Development Bank (ADB) and Japan International Cooperation Agency besides the federal budget.
'In two years, we will be having some success stories to tell,' chairman of the Inland Waterways Authority of India said. 'The government wants to do something new and different.'
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.